Net investments in MFs fall 30% in FY14: SEBI

The total asset under management of mutual funds increased to Rs 8.25 trillion at the end of March 31, 2014

April 21, 2014 8:27 IST | India Infoline News Service
Net investments in mutual funds declined 30% to Rs. 537 billion in the financial year 2013-14 from Rs. 765.39 billion in the previous fiscal, according to the SEBI (Securities and Exchange Board of India) data.
Prior to that, more than Rs. 220 billion and over Rs. 490 billion moved out of the mutual funds’ schemes during 2011-12 and 2010-11, respectively.
At the gross level, mutual funds mobilised over Rs 97.68 trillion during 2013-14, while there were redemptions worth Rs 97.14 trillion during the period. This resulted in a net inflow of Rs 537.82 billion.
Of the total net investment made, a huge part of inflows came during April 2013 and January 2014.
Mutual funds had mobilised around Rs 1.08 trillion in various schemes in April.
The fund houses mobilised Rs. 835.33 billion in various schemes in January.
The significant level of fund mobilisation has also helped the total asset under management of mutual funds to grow to Rs 8.25 trillion at the end of March 31, 2014 from Rs 7.01 trillion during fiscal 2012-13.

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